# Got in a crash - how will lease pan out? **URL:** \ **Category:** Insurance\ **Tags:** ca, ca-socal\ **Created:** [January 26, 2024, 4:21am UTC](https://forum.leasehackr.com/t/got-in-a-crash-how-will-lease-pan-out/525855 "2024-01-26T04:21:23Z")\ **Posts on this page:** 15\ **Page:** 1
**Author:** ![CalOkie](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/calokie/32/2131_2.png) [@CalOkie](https://forum.leasehackr.com/u/CalOkie)\ **Post date:** [January 26, 2024, 4:21am UTC](https://forum.leasehackr.com/t/got-in-a-crash-how-will-lease-pan-out/525855/1 "2024-01-26T04:21:23Z")
I’m assuming I won’t get my down payment back. What else can I expect? ---
**Author:** ![anon65069371](https://leasehackr.b-cdn.net/letter_avatar/anon65069371/32/5_5575768a8748004e209b776fc1b2916d.png) [@anon65069371](https://forum.leasehackr.com/u/anon65069371)\ **Post date:** [January 26, 2024, 4:23am UTC](https://forum.leasehackr.com/t/got-in-a-crash-how-will-lease-pan-out/525855/2 "2024-01-26T04:23:30Z")
wHaT DoEs YoUr LeAsE CoNtRacT SaY?! ---
**Author:** ![Batistuta](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/batistuta/32/70364_2.png) [@Batistuta](https://forum.leasehackr.com/u/Batistuta)\ **Post date:** [January 26, 2024, 4:25am UTC](https://forum.leasehackr.com/t/got-in-a-crash-how-will-lease-pan-out/525855/3 "2024-01-26T04:25:32Z")
Is it totaled? ---
**Author:** ![CalOkie](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/calokie/32/2131_2.png) [@CalOkie](https://forum.leasehackr.com/u/CalOkie)\ **Post date:** [January 26, 2024, 4:33am UTC](https://forum.leasehackr.com/t/got-in-a-crash-how-will-lease-pan-out/525855/4 "2024-01-26T04:33:27Z")
Yes. Chevy. ---
**Author:** ![jeisensc](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/jeisensc/32/224821_2.png) [@jeisensc](https://forum.leasehackr.com/u/jeisensc)\ **Post date:** [January 26, 2024, 4:50am UTC](https://forum.leasehackr.com/t/got-in-a-crash-how-will-lease-pan-out/525855/5 "2024-01-26T04:50:10Z")
In what mystery state? Which bank? ---
**Author:** ![CalOkie](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/calokie/32/2131_2.png) [@CalOkie](https://forum.leasehackr.com/u/CalOkie)\ **Post date:** [January 26, 2024, 5:16am UTC](https://forum.leasehackr.com/t/got-in-a-crash-how-will-lease-pan-out/525855/6 "2024-01-26T05:16:06Z")
I got it in so cal thru chevy financialHere on hackr! ---
**Author:** ![jeisensc](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/jeisensc/32/224821_2.png) [@jeisensc](https://forum.leasehackr.com/u/jeisensc)\ **Post date:** [January 26, 2024, 5:20am UTC](https://forum.leasehackr.com/t/got-in-a-crash-how-will-lease-pan-out/525855/7 "2024-01-26T05:20:49Z")
Fixed tags. Unless something has changed > [@Insurance pay out for totaled lease with equity above lease buy out](https://forum.leasehackr.com/t/insurance-pay-out-for-totaled-lease-with-equity-above-lease-buy-out/413815/23): > > You’re in luck pal. GM Financial will pay you the overage. They will receive the check from insurance, and whatever is left over, they will mail you a check for the overage. Count your blessings. You’ll need to speak to their “Total Loss Department” . It’ll take a week or two, but once your account is reconciled, they’ll mail you the check . ---
**Author:** ![CalOkie](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/calokie/32/2131_2.png) [@CalOkie](https://forum.leasehackr.com/u/CalOkie)\ **Post date:** [January 26, 2024, 5:37am UTC](https://forum.leasehackr.com/t/got-in-a-crash-how-will-lease-pan-out/525855/8 "2024-01-26T05:37:04Z")
i dont anticipate having equity. Do i lose my downpayment? ---
**Author:** ![jeisensc](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/jeisensc/32/224821_2.png) [@jeisensc](https://forum.leasehackr.com/u/jeisensc)\ **Post date:** [January 26, 2024, 6:02am UTC](https://forum.leasehackr.com/t/got-in-a-crash-how-will-lease-pan-out/525855/9 "2024-01-26T06:02:59Z")
Yes you do ---
**Author:** ![trism](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/trism/32/26973_2.png) [@trism](https://forum.leasehackr.com/u/trism)\ **Post date:** [January 26, 2024, 1:08pm UTC](https://forum.leasehackr.com/t/got-in-a-crash-how-will-lease-pan-out/525855/10 "2024-01-26T13:08:44Z")
> [@CalOkie](#): > > I’m assuming I won’t get my down payment back. Your lease is X months in duration. Every month, beginning on the day you drove the car home, you’ve gotten 1/X of your upfront money back – plus what you saved in finance charges. So on a 24-month lease, for example, totaling your car in the 20th month means you’ve recouped more than 83% of what you would have otherwise paid on a $0 DAS deal. ---
**Author:** ![max\_g](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/max_g/32/9426_2.png) [@max\_g](https://forum.leasehackr.com/u/max_g)\ **Post date:** [January 26, 2024, 2:16pm UTC](https://forum.leasehackr.com/t/got-in-a-crash-how-will-lease-pan-out/525855/11 "2024-01-26T14:16:55Z")
There’s no mechanism to “get a down payment back.” You might receive some money back depending on what the insurance payout is and what the remaining balance is. So what are those two numbers? ---
**Author:** ![djrabbi](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/djrabbi/32/204656_2.png) [@djrabbi](https://forum.leasehackr.com/u/djrabbi)\ **Post date:** [January 26, 2024, 2:45pm UTC](https://forum.leasehackr.com/t/got-in-a-crash-how-will-lease-pan-out/525855/12 "2024-01-26T14:45:57Z")
Why most people say do not put a down payment cause of this reason. I hope your down payment is basically DAS. ---
**Author:** ![CalOkie](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/calokie/32/2131_2.png) [@CalOkie](https://forum.leasehackr.com/u/CalOkie)\ **Post date:** [January 26, 2024, 3:11pm UTC](https://forum.leasehackr.com/t/got-in-a-crash-how-will-lease-pan-out/525855/13 "2024-01-26T15:11:20Z")
It was. Thanks. ---
**Author:** ![boozinix](https://leasehackr.b-cdn.net/letter_avatar/boozinix/32/5_5575768a8748004e209b776fc1b2916d.png) [@boozinix](https://forum.leasehackr.com/u/boozinix)\ **Post date:** [January 26, 2024, 3:22pm UTC](https://forum.leasehackr.com/t/got-in-a-crash-how-will-lease-pan-out/525855/14 "2024-01-26T15:22:57Z")
Curious. What was the mystery can, down payment, months left and lease terms? But yeah, check your contract ---
**Author:** ![djrabbi](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/djrabbi/32/204656_2.png) [@djrabbi](https://forum.leasehackr.com/u/djrabbi)\ **Post date:** [January 26, 2024, 3:28pm UTC](https://forum.leasehackr.com/t/got-in-a-crash-how-will-lease-pan-out/525855/15 "2024-01-26T15:28:11Z")
Yeah consider that gone.